SVB Wealth LLC Purchases 2,023 Shares of CBRE Group, Inc. (NYSE:CBRE)

SVB Wealth LLC raised its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 33.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,037 shares of the financial services provider’s stock after acquiring an additional 2,023 shares during the quarter. SVB Wealth LLC’s holdings in CBRE Group were worth $748,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of CBRE. HighTower Advisors LLC boosted its position in shares of CBRE Group by 6.1% during the 1st quarter. HighTower Advisors LLC now owns 14,759 shares of the financial services provider’s stock worth $1,344,000 after purchasing an additional 845 shares in the last quarter. Vontobel Holding Ltd. boosted its position in shares of CBRE Group by 7.5% during the 1st quarter. Vontobel Holding Ltd. now owns 9,053 shares of the financial services provider’s stock worth $839,000 after purchasing an additional 634 shares in the last quarter. Brown Brothers Harriman & Co. boosted its position in shares of CBRE Group by 7,628.6% during the 1st quarter. Brown Brothers Harriman & Co. now owns 1,623 shares of the financial services provider’s stock worth $149,000 after purchasing an additional 1,602 shares in the last quarter. Covestor Ltd boosted its position in shares of CBRE Group by 78.5% during the 1st quarter. Covestor Ltd now owns 1,085 shares of the financial services provider’s stock worth $99,000 after purchasing an additional 477 shares in the last quarter. Finally, Ergoteles LLC bought a new position in shares of CBRE Group during the 1st quarter worth about $259,000. Institutional investors own 98.41% of the company’s stock.

CBRE Group Trading Down 0.3 %

CBRE opened at $84.90 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market capitalization of $26.06 billion, a PE ratio of 26.78 and a beta of 1.42. CBRE Group, Inc. has a fifty-two week low of $64.63 and a fifty-two week high of $98.65. The company’s 50-day moving average is $92.40 and its 200 day moving average is $84.79.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data on Thursday, February 15th. The financial services provider reported $1.38 EPS for the quarter, beating the consensus estimate of $1.21 by $0.17. The firm had revenue of $8.95 billion during the quarter, compared to analyst estimates of $8.44 billion. CBRE Group had a net margin of 3.09% and a return on equity of 13.69%. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter last year, the business posted $1.33 EPS. As a group, research analysts predict that CBRE Group, Inc. will post 4.44 earnings per share for the current fiscal year.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CEO John E. Durburg sold 25,000 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $92.20, for a total value of $2,305,000.00. Following the completion of the sale, the chief executive officer now owns 207,856 shares in the company, valued at approximately $19,164,323.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other CBRE Group news, CEO John E. Durburg sold 25,000 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $92.20, for a total value of $2,305,000.00. Following the completion of the sale, the chief executive officer now owns 207,856 shares in the company, valued at approximately $19,164,323.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Emma E. Giamartino sold 2,667 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $93.53, for a total transaction of $249,444.51. Following the sale, the chief financial officer now owns 72,350 shares of the company’s stock, valued at approximately $6,766,895.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 39,592 shares of company stock worth $3,675,752. Insiders own 0.53% of the company’s stock.

Wall Street Analysts Forecast Growth

CBRE has been the topic of a number of research analyst reports. Evercore ISI increased their price objective on shares of CBRE Group from $103.00 to $104.00 and gave the stock an “in-line” rating in a research report on Tuesday, April 2nd. TheStreet upgraded shares of CBRE Group from a “c+” rating to a “b-” rating in a report on Thursday, January 25th. StockNews.com lowered shares of CBRE Group from a “buy” rating to a “hold” rating in a report on Saturday, April 13th. Keefe, Bruyette & Woods upped their target price on shares of CBRE Group from $96.00 to $100.00 and gave the stock a “market perform” rating in a report on Friday, February 16th. Finally, Jefferies Financial Group began coverage on shares of CBRE Group in a report on Wednesday, April 10th. They issued a “hold” rating and a $107.00 target price on the stock. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $99.50.

CBRE Group Profile

CBRE Group, Inc operates as a commercial real estate services and investment company in the United States, the United Kingdom, and internationally. The Advisory Services segment offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing of offices, and industrial and retail space; clients fully integrated property sales services under the CBRE Capital Markets brand; clients commercial mortgage and structured financing services; originates and sells commercial mortgage loans; property management services, such as marketing, building engineering, accounting, and financial services on a contractual basis for owners of and investors in office, industrial, and retail properties; and valuation services that include market value appraisals, litigation support, discounted cash flow analyses, and feasibility studies, as well as consulting services, such as property condition reports, hotel advisory, and environmental consulting.